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Oracle profits surge—at the expense of Java development and software support

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Evelyn Fowler
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On June 16, Oracle Corporation released financial results for the fourth quarter of fiscal year 2016, and corporate executives trumpeted the company's cloud services success.

According to the latest report, Oracle's cloud infrastructure, platform, and software services collectively brought in $859 million for the quarter ending May 31, compared to $576 million for the same period in 2015.

On June 1, former Oracle senior finance manager Svetlana Blackburn filed suit against Oracle for wrongful termination in October of 2015, claiming that she was fired after she "resisted, refused to engage in, and threatened to blow the whistle on accounting practices she reasonably believed to be unlawful" surrounding how Oracle counted cloud revenues.

In a statement to the press, an Oracle spokesperson denied that there was any wrongdoing.

The company slashed the operating cost of performing software updates, license support, developing and supporting new hardware, and services—in other words, through layoffs, consolidation, and redirection of efforts from areas that had been Oracle's core business.

And while the "Open" edition was still under development up until October of 2015 and was intended to be the basis of Java EE 8, Oracle announced in April that the Java.net repository site where Glassfish and other open Java projects have resided will be shuttered by next April.

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Evelyn Fowler
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